a ten year promissory note for $1750 dated may 1,2017 bearing interest at 4% compounded semi-annually is discounted August 1, 2023 to yield 6% compounded quarterly. Determine the proceeds of the note.

Q: Juan deposited 4000$ into an account with 2.4% interest  compounded semiannually. Assuming that no…

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Q: Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to…

A: Given that Cyrus deposited $744.88 each quarter into an annuity account. The future value he wish to…

Q: Determine the amount of a $600 Guaranteed Investment Certificate (GIC) earning 6.4% compounded…

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Q: The payment on a 15 year loan at 9.36% compounded weekly is $180.00. Calculate the amount of the…

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Q: 2. Determine the present value of the annuity which provides a payment of $750 every t an interest…

A: Formula for the annuity is  PV=R1+in-1i We are given R=$750n=5×4=20 quartersi=3.25400 (since 1 year…

Q: Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded…

A: From the given information we find the quarterly payment.

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: $450 is deposited at the end of each quarter for 1.5 years at 10% interest per year compounded…

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Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

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Q: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.3% per annum calculated on the…

A: Given,          Balance before payment=$1,070.00                            Amount Paid=$160.00…

Q: RM300 is deposited every 3 month for four year at 8% compounded quarterly i. Calculate the future…

A: Given that: Money deposited=RM300Rate of inetrest=8% quraterly

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Gregory Mines Corporation wishes to purchase a new piece of equipment in 4 years. The estimated…

A: it is known that  number of compounding factor = lengths of time ×4 given length of time = 4 years…

Q: Compute the accumulated value of $ 7776 at 5.93 % after 5 months.(Simple interest)

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Q: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

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Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: To find The amount of an ordinary annuity.

Q: How much loan will be extinguished for a monthly amortization of P4, 500.00 at 12% interest…

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Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

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Q: Ruth opens a savings account at 8% compounded semiannually and deposits $2,000 every 6 months for 10…

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Q: If money is worth 4% compounded semiannually, find the present value and the final amount of an…

A: Total period is 3.5  years Annuity due pay =Php 11,250 Therefore P=11,250 The money is worth 4%…

Q: Find the value on May 30, 2019, of a sequence of p15,000 monthly payments, the first payment to be…

A: To find the value of the annuity on May 30, 2019, that starts after 5 years and ends on Dec 30,…

Q: What is the rebate fraction of a 42 month loan paid off after the 16th payment

A: We know that, Rebate fraction= sum of digits for number of payments remaining / sum of digits for…

Q: Determine the interest to be paid from a loan of $6560 borrowed at 5.1% compounded quarterly for 4…

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Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

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Q: On April 8, Manuel borrowed S700.00 from his uncle at 5.6% per annum calculated on the daily…

A: It is given that the amount borrowed is $700 at an interest rate of 5.6% pa. Amount to be repaid…

Q: On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.2% per annum calculated on the…

A: Given,         Balance before payment=$1,070.00                           Amount Paid=$160.00…

Q: The initial cost is SR 13,866,143 with an annual maintenance cost of SR 2,415,072. Additional major…

A: The solution is given below